Former high school teacher and Riverside Congressman Mark Takano objects to GOP student loan bill
The interest rates on federal student loans are set to double at the end of June. The House of Representatives is expected to vote this week on a measure that ties those loans to the price the government pays to borrow money. But Democrats say that's still too expensive.
The Republican bill links interest rates on federal student loans to the rates for a 10-year Treasury note and tacks on a two-and-a-half percent fee. That means federal student loans would be about four-and-a-half percent — about one point above the current borrowing rate.
But, if Congress fails to pass a student loan bill by the end of June, the current interest rate automatically doubles to nearly seven percent in July.
Freshman Democratic Congressman Mark Takano of Riverside — a longtime educator and community college trustee — notes the GOP bill would cap federal student loans at eight-and-a-half percent. "The Republicans are proposing basically a variable interest rate," Takano said. "So their plan is worse than doing nothing."
Democrats complain the bill is coming to the floor for a vote without a hearing.
It's Election Day in Los Angeles. The polls are open until 8 p.m.
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Today is Tuesday, May 21, and here is what's happening in Los Angeles:
It's Election Day. Check out KPCC's voter guide for details on the ballot.
Older, whiter voters are likely to decide today's election, according to the Los Angeles Times. "Latinos, the city's dominant ethnic group and a key voting bloc, make up 44 percent of the city's population, U.S. Census figures show. But a USC Price/Los Angeles Times poll of likely voters last week suggests Latinos will make up 24 percent of those who cast ballots Tuesday, in part because many are immigrants who are ineligible to vote," according to The Times.
The policy over the issuing of visas is a key component of new immigration laws that are being debated in Congress.
The Senate Judiciary Committee continues debating more than 300 amendments to a comprehensive immigration bill. One big issue is still to come: the sticky topic of family visas.
Currently, about two-thirds of legal immigrants are family members of legal U.S. residents.
The Senate bill makes employment visas a higher priority and creates a point system making it more difficult to obtain family visas. It would completely eliminate sibling visas 18 months after the bill's passage. There would be no visas offered to children who are married and over the age of 31.
Hawaii Democrat Mazie Hirono has introduced several amendments to ease family visa restrictions. They are expected to be taken up Tuesday or Wednesday. Senate Judiciary Chairman Patrick Leahy of Vermont says the committee could finish its work on amendments by the end of the week.
Cody Blake, an employee at Perennial Holisitic Wellness Center in Studio City, displays one of the dispensary's popular marijuana strains. The state legislature is seeking to put current guidelines for dispensaries into law.
California’s Senate passed a bill Monday that would shield pot collectives and their employees from prosecution for possession or sale of medical marijuana.
"We want to create more certainty where little or none exists now," said Senate Pro Tem Darrell Steinberg (D-Sacramento), who wrote the bill. Steinberg hoped it would at least provide “a vehicle for some sort of understanding with the federal government.”
The federal government does not recognize state laws that allow the sale or possession of medical marijuana. The U.S. Justice Department periodically targets clinics, especially those it believes are operating as commercial businesses.
Senate Bill 439 would put into statute a set of guidelines California’s Attorney General issued in 2008 that defines the kind of operations allowed under Prop 215 — California’s Compassionate Use Act.
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Los Angeles voters may hear a familiar voice on the phone today -- it's former President Bill Clinton placing a robocall for Wendy Greuel.
Ring, ring -- it's Bill Clinton -- and he's calling for you.
Los Angeles voters may hear a familiar voice on the phone today as a robocall from former President Bill Clinton makes the rounds on behalf of Wendy Greuel. Clinton endorsed Greuel early in the race and last month appeared with her at a town hall at Langer's Deli.
On the call, Clinton tells voters:
Los Angeles needs a proven, creative problem solver. Who will work with everybody to get the job done as mayor. Wendy Greuel will get the job done. She won’t just be the first woman mayor of LA – she’ll be the best mayor.
Greuel worked for the U.S. Department of Housing and Urban Development during the Clinton Administration. Following the endorsement, a poll from USC and the Los Angeles Times found more than half of voters would be inclined to vote for a candidate supported by Clinton. The most recent USC/Los Angeles Times poll found 3 percent of Greuel supporters identified the Clinton endorsement as the main reason to vote for her.